Renaissance unveils frontier markets fund

Renaissance Asset Managers has launched a Luxembourg-domiciled fund aiming to tap into growth in the frontier markets.

The Renaissance Frontier Markets fund is managed by the firm's head of frontier markets Sven Richter and sources stocks from 25 nations, focusing on a core of ten countries, which will make up 85% to 100% of stock selection. These 25 countries have a GDP forecast of over 4%, a population in excess of 35 million and a GDP per capita below $6,000. Richter sees the ten core countries as having strong high growth potential and growing trends of urbanisation and consumer demand. These are Argentina, Egypt, Indonesia, Kenya, Nigeria, Pakistan, Philippines, Thailand, Ukraine and Vietnam. ...